New Issue: Washoe County, Nev., brings $165 million of fuel tax revenue bonds

By Sheri Kasprzak

New York, March 27 - Washoe County, Nev., priced $165 million of series 2013 highway fuel tax revenue bonds, according to a pricing sheet. The deal was upsized from $150 million.

The bonds (A1/A+/) were sold through RBC Capital Markets LLC and J.P. Morgan Securities LLC.

The bonds are due 2018 to 2033 with term bonds due in 2038 and 2043. The serial bonds have 5% coupons. The 2038 bonds have a 5% coupon priced at 106.18, and the 2043 bonds have a 5% coupon priced at 105.382.

Proceeds will be used to finance the costs of highway and streets for the Regional Transportation Commission of Washoe County.

Issuer:	Washoe County, Nev.
Issue:	Series 2013 highway fuel tax revenue bonds
Amount:	$165 million
Type:	Negotiated
Underwriters:	RBC Capital Markets LLC and J.P. Morgan Securities LLC (lead)
Ratings:	Moody's: A1
	Standard & Poor's: A+
Pricing date:	March 27
Settlement date:	April 16
Amount	Maturity	Type	Coupon	Price
$735,000	2018	Serial	5%	116.676
$775,000	2019	Serial	5%	118.065
$810,000	2020	Serial	5%	116.386
$855,000	2021	Serial	5%	115.086
$895,000	2022	Serial	5%	113.918
$940,000	2023	Serial	5%	113.167
$985,000	2024	Serial	5%	112.479
$1,035,000	2025	Serial	5%	111.682
$1.09 million	2026	Serial	5%	111.005
$1,145,000	2027	Serial	5%	110.444
$1.2 million	2028	Serial	5%	109.941
$5.24 million	2029	Serial	5%	109.886
$5.5 million	2030	Serial	5%	109.442
$5.77 million	2031	Serial	5%	108.89
$6.06 million	2032	Serial	5%	108.561
$6,365,000	2033	Serial	5%	108.232
$36.4 million	2038	Term	5%	106.18
$88.66 million	2043	Term	5%	105.382

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.